Rupee opens 3 paise higher against US dollar at 64.05

The local currency on Friday settled 4 paise up at 64.08 a dollar.

Government bonds fell for a second week in a row after a faster-than expected rise in August inflation marred expectations of an interest rate cut in the near future.

NEW DELHI: The rupee on Monday opened 3 paise up at 64.05 against dollar on account of selling of American currency by banks and exporters amid firm global cues.

The local currency on Friday settled 4 paise up at 64.08 a dollar.

Meanwhile domestic equity markets opened in green following firm global cues. The BSE Sensex opened 88.76 points, or 0.28 per cent, up at 32,361.37, while NSE Nifty index opened 47.70 points, or 0.47 per cent, up at 10,133.10.